O'Reilly Auto Parts
1915 Mt. Zion Road, Morrow, GA 30260
Marketing description
CBRE is pleased to offer for sale the 26,895-square-foot O'Reilly Auto Parts situated in Morrow, GA—a key submarket within the thriving Atlanta MSA (Population: 6.3M+). O'Reilly Auto Parts' net lease features ±7.2 years term remaining with a 7% rent increase in 2028 and in each of the four, 5-year renewal options.
The subject property is a component of 400,000+ SF The Shoppes at Morrow Station, a prominent retail hub serving the Southside Atlanta corridor. The power center benefits from a diverse and high-traffic tenant mix, including Harbor Freight Tools, Ashley Homestore, Ross Dress for Less, Shoppers World, Lowe's Outlet, Goodwill, Fitness Connection, Five Below, and Planet Smoothie among others. Shadow anchors include The Home Depot, AMC Theatres, LA Fitness, Nam Dae Mun Farmers Market, and Best Buy.
Located along Mt. Zion Road (GA DOT Traffic Data: 24,200 VPD), the property boasts exceptional access onto and off Interstate 75, one of the nation's busiest logistical and commuter arteries that supports 156,000 vehicles per day (GA DOT Traffic Data). The O'Reilly site serves as a regional anchor for automotive needs, leveraging its location within the Morrow retail trade area to capture a diverse customer base of DIY consumers and professional contractors throughout South Atlanta.
Investment highlights
- Investment-Grade Automotive Tenant: O'Reilly Automotive (NASDAQ: ORLY, S&P: BBB), a Fortune 500 company, is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both professional service providers and do-it-yourself customers. Founded by the O'Reilly family in 1957, the company currently operates more than 6,644 stores across the United States, Mexico, and Canada. In FY 2025, O'Reilly generated $17.78 billion in net sales (6% YoY increase), $2.54 billion in net income (6% YoY increase), and a 4.7% increase in comparable sales growth.
- Net Lease with Rent Increases: O'Reilly Auto Parts' net lease features ±7.2 years term remaining with a 7% rent increase in 2028 and in each of the four, 5-year renewal options.
- Top Visited Location: By visits, this Morrow store is the #1 O'Reilly location within a 15-mile radius, among the top 11% in Georgia and top 17% nationwide (Placer.ai).
- Located within the 400,000+-SF Shoppes at Morrow Station: The subject property is a component of 400,000+ SF The Shoppes at Morrow Station, a prominent retail hub serving the Southside Atlanta corridor.
- Excellent Access & Visibility: Located along Mt. Zion Road (GA DOT Traffic Data: 24,200 VPD), the property boasts exceptional access onto and off Interstate 75, one of the nation's busiest logistical and commuter arteries that supports 156,000 vehicles per day (GA DOT Traffic Data).
- Retail Synergy - Established Retail Node: Unlike emerging markets, the Mt. Zion corridor is a mature, proven retail environment with long-term tenant commitment.
- Retail Synergy - Robust Commercial Inventory: 8.7 MSF of retail, 1.5 MSF of office, 10.5 MSF of industrial and 11,688 multifamily units within a 3-mile radius.
- $117 Million Institutional Revitalization of Southlake Mall: O'Reilly is less than 2 miles from the 1.0 MSF Southlake Mall, which functions as the primary enclosed shopping destination for the South Atlanta market.
- Automotive Ecosystem: The O'Reilly site is surrounded by a critical mass of complementary automotive uses, including national franchise dealerships such as Honda South, Allan Vigil Ford Lincoln and Landmark Dodge Chrysler Jeep Ram, as well as established service providers like Caliber Collision, Mavis Tires, and Grease Monkey.
- High Growth Multifamily Development: The Mt. Zion corridor is currently benefiting from a significant influx of institutional multifamily capital, evidenced by the delivery of high-density, upscale units that bolster the area's consumer base.
- Dynamic Demographics: The site benefits from dynamic demographics with a population of 79,265 and an average annual household income of $75,525 within a 3-mile radius.
- Atlanta MSA Advantage: With an overall population of more than 6.4 million throughout the 29-county metro area, Atlanta is the ninth-largest Metropolitan Statistical Area (MSA) in the United States and is projected to be the 6th most populated metro area over the next few years.
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